Baillie Gifford Invests 0 Million In

The CEO and cofounder of cryptocurrency wallet and exchange service provider, Peter Smith, has announced that investment management company Baillie Gifford contributed $100 million to its $300 million funding round held in March.

Per the announcement, the 110-year-old asset management firm became the largest single investor in the history of Additionally, is one of the first cryptocurrency companies that Baillie Gifford has invested in.

According to Smith, the investment is “a validation that a balanced and diversified retail/institutional business has incredible growth potential in the coming years.” He added that “we’re honored to include [Baillie Gifford] on our journey to bring the next 1B people into crypto.”

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